₦airaland Forum

Moneyyy:
I'm packed for my vacation, let's do one more before Christmas. Sell EU.

Moneyyy:
[b]For those who may have been following my calls (the faithfuls), I would like to shed a bit more light and help you make consistent profit. What I do is this: I time the market so perfectly and I enter when I'm 90% certain of getting a minimum of 20 pips profit within 3 hours. Trust me, 20 pips profit everyday for one month gives me almost 15 times of what Bank of America was paying me per month. So yes, 20 pips is my daily target and I hardly stay more than 3 hours in the market. 20 pips may appear so small but that is why I'm not able to coach people with less than $10,000 in their trading account because they would always need hundreds of pips to make reasonable money - and getting such is a challenge.

My chart is very clean, my analysis is so simple (I hate it when folks over-analyze and end up paralyzed or confused), and I time the market so well such that I don't have to stay more than 3 hours in the market. I use certain indexes as my guide and they are what I analyze to determine how to place my FX trades. I also use the FXCM Economic Calendar to track any major news and position myself accordingly. Once I get in I don't use SL, this is my way of making room for spikes or noise; however after 2 hours in the market, I go in with a 20 pips SL if I don't yet have my 20 pips. What that means is that after 2 hours, if the market has not gone my way and given me my 20 pips then for me it becomes a gamble so I use the SL to limit any possible loss. By the way, 20 pips always represent 1% of my capital.

You may want to ask how often this occurs. Well, I'd say less than 10% of the time. So I never lose more than 20 pips in less than 10% of the time but I make minimum of 20 pips 90% of the time. This also greatly helps to protect your funds so you don't get wiped out.

Bottom line is this: Anytime I make a call, I'm looking for 20 pips within 3 hours. I'm putting this out there because I would not want anyone losing money due to my calls. I'd rather not make any calls than have people lose money due to my calls. [/b]

sweetmaris:
Tired of selling this nucca
Been selling since last week
Closing my trades for the year
What I hav can last me till the new year
One of the rules says don't be greedy.... Heheheheh

jorel1:
The ministry is moving
AUDNZD , looks like a long term buy is imminent

gaelllic:
What's your TP, abeg?

FxDuke:
Bro i hope you are having a wonderful weekend? can you please send me the white red candle indicator in your chart.

Newnations:
But If you are not good in trading forex, when you shift to indices or gold etc you would still fumble.
A shift only becomes necessary when after trading forex proficiently you decided you arent comfortable enough with the way currency movements affects each other. or you only want to specialize on a particular country's economy such as the USD to trade crude, indices or gold.

Edd1e:
look back, structure leaves clues, it has been tested twice b4 since September, so, if the level gets broken, u can ride on and don't 4get today is friday....

pocoapoco88:
HURRY NOW! Look 4 a broker dat offers usd/naira and keep buying and d sky wud b ur limit

Moneyyy:
As at this very moment your trade is 100 pips up and it's a good time to take profit. Again, congrats bro.

Moneyyy:
Buy USD-JPY right now if you are serious about getting paid. If you lose, hold me to my word and I will refund you. Yes I'm that confident. And why should you trust me? Because I trade from experience and I do it full time for a great living.

sweetmaris:
$1500 * 265 naira in a day is not just....

Moneyyy:
I made almost $1,500 from the news, you must think I'm a novice trader (lol). Bros I've been in this since 2007, trust me I'm very qualified to give you trading advise.

Ogboraph:
;Dyes this is what i predicted some people will be crying now those that sold

Smartlife:
Sometimes it's good to avoid news... Even those that have the highest economic knowledge tends to fail.

todayng:
CBN bans street trading of forex from Jan. 1
The Central Bank of Nigeria (CBN), in its latest circular which sets out the new guidelines for the operations of Bureaux de Change (BDCs) operators, has said that hawking of foreign exchange on the streets, common in Lagos, Abuja, and Port-Harcourt, and which has endured for over three decades, surviving civilian and military administrations, will no longer be accommodated.
Though the circular did not outline how it will deal with hawkers, it stated that from January 1, 2016, street trading of the dollar is “non-permissible” and will be severely punished by the bank.
“Similarly, it shall be a ground for the revocation of licences should any street trader in foreign currencies be found to have any business relationship with a licenced BDC,” the guideline reads.
The circular, titled “Revised Operational Guidelines for Bureaux de Change in Nigeria,” prescribes that for a BDC to be considered valid in 2016, its must meet the financial requirement of depositing N71.45 million with the CBN.
Source: https://www.today.ng/business/52550/cbn-bans-street-trading-of-forex-from-jan-1